[Federal Register Volume 60, Number 244 (Wednesday, December 20, 1995)]
[Notices]
[Pages 65662-65663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30826]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of General Counsel
[Docket No. FR-3950-N-03]
Notice of Proposed Information Collection for Public Comment
AGENCY: Office of General Counsel, HUD.
ACTION: Notice.
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SUMMARY: The proposed information collection requirement described
below will be submitted to the Office of Management and Budget (OMB)
for review, as required by the Paperwork Reduction Act. The Department
is soliciting public comments on the subject proposal.
DATES: Comments due: February 20, 1996. Comments must be received
within sixty (60) days from the date of this Notice.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: Reports Liaison Officer, Office
of General Counsel, Department of Housing and Urban Development, 451
7th Street, SW, Room 10245, Washington, DC 20410.
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
The Notice is soliciting comments from members of the public and
affected agencies concerning the proposed collection of information in
order to: (1) Evaluate whether the proposed collection of information
is necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility; (2)
Evaluate the accuracy of the agency's estimate of the burden of the
proposed collection of information; (3) Enhance the quality, utility,
and clarity of the information to be collected; and (4) Minimize the
burden of the collection of information on those who are to respond,
particularly through the use of appropriate automated collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Discrimination of Information Collection
Each party seeking designation as a foreclosure commissioner must
submit the current information in writing (facsimiles are not
acceptable), as listed below, to HUD's Field Assistant General Counsel
serving the geographic area (there are ten such areas) in which the
party proposes to serve as commissioner.
1. Name.
2. Business Address.
3. Geographic area in which the applicant wishes to conduct
foreclosures. (List only States or areas in States in which the
applicant is a resident or is duly authorized to transact business.)
4. If the applicant is not a natural person, the names and business
addresses of the people who would actually perform the commissioner's
duties.
5. Description of the applicant's experience in conducting mortgage
foreclosures or in related activities
[[Page 65663]]
which would qualify the applicant to serve as a foreclosure
commissioner.
6. Evidence of the applicant's financial responsibility.
Note: Any party that has been designated as a foreclosure
commissioner for HUD-held multifamily mortgages may submit a letter
to the appropriate Field Assistant General Counsel and request
designation as a single family foreclosure commissioner. This letter
of interest would be acceptable in lieu of the preceding
information, unless any information requires updating.
Additional Information
Title of Proposal: Notice of Application for Designation as Single
Family Foreclosure Commissioner.
OMB Control Number, if applicable: Not applicable.
Description of the need for the information and proposed use: Under
the Single Family Mortgage Foreclosure Act of 1994 (12 USC 3751 et
seq.), the ``Act,'' HUD will be able to foreclose on HUD-held single
family mortgage loans in about two months instead of the much longer
periods--ranging up to two years--currently required under some State
laws. The current long periods lead to increased holding costs and
vandalism on the mortgaged properties. HUD holds thousands of loans
that are eligible for foreclosure. The requested information is needed
for HUD's selection of foreclosure commissioners who will satisfy the
statutory requirements (Section 3754(c) of the Act) to be
``responsible, financially sound, and competent to conduct a
foreclosure.''
Agency form numbers, if applicable: None.
Members of affected public: Persons and other entities that want to
apply to serve as foreclosure commissioners for the Department of
Housing and Urban Development.
Estimation of the total numbers of hours needed to prepare the
information collection, including number of respondents, frequency of
response, and hours of response:
Respondents: Approximately 250 in the first year and 50 each year
thereafter.
Frequency of Submission: Once for each of HUD's ten geographic
areas of the country. Probably very few respondents will apply to more
than one HUD geographic area.
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Each
Reporting burden First following
year year
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Number of respondents............................... 250 50
Total burden hours (@ 0.5 hour per response)........ 125 25
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Total estimated burden hours: 175 (first three years)
Status of the proposed information collection: This is a new
collection.
Contact persons and telephone numbers (these are not toll-free
numbers) for copies of available documents: Bruce S. Albright,
Assistant General Counsel, Single Family Mortgage Division, (202) 708-
0303; Evelyn M. Wrin, Attorney-Advisor, Single Family Mortgage
Division, (202) 708-3082.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35, as amended.
Dated: December 8, 1995.
Nelson A. Diaz,
General Counsel.
[FR Doc. 95-30826 Filed 12-19-95; 8:45 am]
BILLING CODE 4210-01-M
